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Oct. 8 (OE) Rockhopper Exploration has agreed to invest $44 million to acquire a 35% interest in the OSX-1 floating production, storage and offloading (FPSO) vessel, which is planned for the accelerated development of the Sea Lion oil field in the North Falkland Basin. The company has entered into a subscription agreement to acquire ordinary... Continue Reading →
Oct. 8 (OE) Framo has signed a four-year agreement with Petrobras to inspect and maintain pumping systems across the Brazilian energy company's fleet of about 30 floating production, storage and offloading (FPSO) units, in what the Norwegian pump manufacturer said was its largest service contract of its kind to date. The agreement covers inspection, maintenance... Continue Reading →
Oct. 7 - The auction for the 4th Permanent Offer Cycle under the production-sharing regime concluded with seven blocks awarded out of a total of 13 areas offered by the National Agency of Petroleum (ANP). In total, the event generated R$ 530.46 million in signature bonuses and projects investments of R$ 778.42 million in the... Continue Reading →
Oct. 7 (TN) Constellation, Brazil's largest offshore drilling company, has received Approval in Principle (AiP) certification from the American Bureau of Shipping (ABS) for its "Fuel Processor" project—an innovative technology designed to boost energy efficiency and reduce emissions in diesel engines used on offshore units. AiP validates the safety and technical soundness of disruptive solutions... Continue Reading →
Oct. 6 (oilprice.com) Centuries ago, the untamed jungles of Venezuela’s Orinoco Basin helped power the myth of El Dorado, a city made entirely of gold. But for the new adventurers staking a claim in the country’s black gold instead, there is no myth involved, but rather the world’s largest crude oil reserves of 303 billion... Continue Reading →
October 5, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of September. Key:(1) At the Frade Field, the new producing well, MUP7, came online on September 5, with initial production of 5,000 barrels of oil per day.(2) Production... Continue Reading →
Oct. 5 (offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has teamed up with PDVSA, Lindsayca, and Fulcrum LNG in a strategic alliance aimed at overhauling Venezuela’s natural gas infrastructure and establishing the nation's very first liquefied natural gas (LNG) export capabilities. The company has signed a new agreement with PDVSA, Lindsayca, and Fulcrum LNG that... Continue Reading →
Oct. 5 (oilprice.com) Indian state-owned refiner Bharat Petroleum Corporation Limited (BPCL) prepares to issue a $3-billion bond to finance its share of a major offshore oil development in Brazil, as Indian companies move to expand in international upstream to secure crude oil supplies. BPCL, India’s second-largest state-controlled oil refiner, expects to raise the sum via... Continue Reading →
Oct. 5 (oilnow.gy) Guyana’s offshore oil production fell to an average 832,000 barrels per day (b/d) in August, the lowest monthly level in nearly a year, according to government data reviewed by OilNOW. Production declined by about 54,000 b/d, or 6.1%, from the 886,000 b/d recorded in July. The reduction was driven primarily by substantially... Continue Reading →
Oct. 2 (TN) The ANP Board of Directors approved (Oct 2) the delimitation of 11 new exploratory sectors in the Brazilian Equatorial Margin—within an area incorporated into the Brazilian Continental Shelf—and the configuration of 501 new exploratory blocks within these sectors. The decision updates the region's territorial organization following the extension of the Brazilian Continental... Continue Reading →
